Market Commentaries

Hello Traders,

I hope to share my market views here. While there are plenty of traders out there who are better than me, I am please that I have been able to keep my trading simple. I take my positions using simple indicators but I analyse the market based on Price Action, Price Patterns and Market Psychology (See description) only. In the process of explaining Market Psychology, I use the analogy of a Warfare very extensively and I explain this in my ebook.

Note: Just to be clear, this is for sharing and not meant to be investment advise. See Disclaimer for more details.

Looking at the chart above, the NZDUSD has been making dramatic lower lows. As the USD continues to strengthen, more majors are moving in one direction, and this one in particular is moving aggressively. As price is now testing the long...Read More..

Here’s a quick update on what I’m looking at. The above is the USDCAD Daily chart and price has recently testing a long term resistance level (~ 1.28). This level was last tested in early part of 2009. However, there was...Read More..

Above is the Gold on a weekly chart. Looking at the big picture, price has not been showing much direction. While price is moving with lower lows and lower highs, price seems to be narrowing into a wedge pattern. In fact,...Read More..

Here’s the latest market update. In fact, I’m testing out this format, so please let me know if you prefer a commentary like this or if you prefer the short and simple commentaries that I’ve done in the past –...Read More..

Here’s a quick update on the Euro. Looking at the chart above, price has made a dramatic drop since May 2014 after the break of a wedge pattern (see article). While price looks to continue it’s fall, it also looks...Read More..

The USD index closed around $82.40 this week, quite a surprising move for me but then again, this is a good indication of who is currently taking the lead in the market. The double high test...Read More..

Apologies for being quiet, in case you haven’t realised, I’ve been doing some DIY on the website. If you have a chance, please let me know what you think? More importantly, let me know if there are any areas for...Read More..

The USD index closed the week around $81.40. More importantly, the high of the week was around $81.70 before it closed lower. Remember the $81.50 resistance that I was looking for? While there is no...Read More..